joe, i'm just guessing here, but with the company making three acquisitions in the last qtr, i gotta believe that is where the intangibles are coming from. i tried to look into it further but haven't had any luck getting on to some sites tonite where the filings are,again, my guess is premiums above the market value of the companies they purchased and goodwill for customer bases. it might say somewhere in the 10q , if i ever manage to get one loaded. i found this...Intangible assets, net dec to march. 72,584,595 57,456,417
The Company's investing activities used $1.0 million to purchase
property and equipment, and $20.5 million to acquire businesses and to pay
acquisition earnouts. See Note 2 to the condensed consolidated financial
statements of the Company for a description of certain terms of these
acquisitions.
that would mean the increase from 72 to 90 could be attributed to this qtrs acquisitions.
not sure what you mean by earnings power for intangibles. in these possible instances i stated above,the result would be to minimize the hit to a bottom line figure by allowing themselves to disburse the excess costs over a period of time, by depreciating it as an asset.
milesov |
